Mortgage Originations Grow in Second Quarter

The Mortgage Bankers Association announced an 18% increase regarding mortgage originations in the second quarter of this year, $267 billion worth compared to the $226 billion originated in Q1 if 2014. Forbes magazine reports the 18% increase comes after the mortgage industry experienced four consecutive quarters of drastic declines.

In addition to seeing an increase in mortgage originations, industry interest- rates have fallen since last week ending at 4.28% for a 30 year fixed mortgage.